I acquire properties for my brokerage to wholesale so the software can help me in my job and personally.

Are you thinking of acquiring multifamily properties and flips in New Jersey as well?

This does not mean actively acquiring but rather considering valuation, market demand and rents, and potential ROI. 

Locally, I look forward to soon having my VA loan seasoned to refinance and fully rent out, and acquire another property. 

We have a savings account where we split up into different buckets (from our w2 and passive income) and one bucket is for real estate and when we have enough to acquire another asset we will consider it.I am not a fan of borrowing 100% of the transaction costs including closing costs as it will be extremely difficult to make money many times on those types of deals.

Hey Jake I defnitinly like having the option having private investors but I have yet to acquire them.

So I think I already passed the "house hack phase" Looking to acquire a 4 plex with my equity.

Purchase price: $28,000 Cash invested: $47,000 Sale price: $110,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Billy Medlen, acquired a home on Raymond St, Richland, MO, for $28,000 on 02/20/2024.

When we create our business plan, we also include our exit plan.We'll only proceed if we can clean this up, acquire new tenants at higher rents so we can increase our NOI, which in turn should reflect our cap rate and profits.Since this asset class is new to us we will tread cautiously.Scheduled to preview tomorrow. 

----------------------------------------------------------------------------------------------------If I had to start all over again, I'd look to acquire a 2-4 unit property with an FHA low-down payment mortgage.